Far East Horizon Assigned Independent Investment Grade Rating by Fitch Ratings
On March 8th, 2017, Fitch Ratings, one of the three big international rating agencies (hereinafter referred to as Fitch), officially raised the international independent rating of Far East Horizon Co., Ltd. Far East Horizon's rating was raised from BB+ to BBB- after adjustment, which indicates a stable outlook.
With this rating upgrade, Far East Horizon has now been given an investment-grade independent rating by both the Standard & Poor's and Fitch. It is China's only financial leasing company to earn an independent investment-grade rating from both international authoritative institutions, which surpasses the independent rating of many of China’s other financial institutions.
This rating upgrade marks a new high point in recognition of Far East Horizon by external agencies. In the midst of increased domestic macroeconomic downward pressure and the volatile global economy, the company is relying on its “finance + industry” development strategy, enabling it to integrate its excellent risk management capabilities, achieve a sustained and stable growth performance and earn the high-level recognition of ratings institutions.